The stock market collape has already wiped out the December rally — in fact, it marks the worst start to a year, ever.
Bespoke Investment Group: As if the start to last year wasn’t bad enough, this year the S&P 500 is performing even more poorly. With a 6.7% decline after nine trading days, the S&P 500 is off to the worst start in its history. At this point last year, the S&P 500 was only down 3.55%. We’ve already almost doubled that!
The second worst: 1982, when the index was down 5.7% after nine days.
Asia, meanwhile, collapsed.